Monday, September 18, 2006

Gore's Pollution Proposal: hrm

Former U.S. Vice President Al Gore on Monday suggested taxing carbon dioxide emissions instead of employees' pay in a bid to stem global warming.

The pollution tax would replace all payroll taxes, including those for Social Security and unemployment compensation, Gore said. He said the overall level of taxation, would remain the same.

"Instead of discouraging businesses from hiring more employees it would discourage business from producing more pollution," Gore said.

Curious. I'd suddenly get a lot more money in my paycheck. This is rather radical though and I doubt it would make it through Congress.

No comments: